Russia’s Sber posts $4bn RAS profit in 1Q24

Russia’s largest bank state-controlled Sber (Sberbank) posted RUB129bn profit in March 2024, up by 7% in seasonally adjusted month-on-month terms under Russian Accounting Standards, making net profit of RUB364bn ($3.9bn, up by 3.9% year on year and fla…

EBRD announces profit of €2.1bn in 2023

The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022, the development bank said in a press …